Workhorse Group

United States
Houlka, Mississippi, United States, 45140

Company profile

Workhorse Group company profile

Workhorse Group designs and produces battery-electric power trains for its new Workhorse chassis. Workhorse’s approach to building its battery electric power trains uses proven, automotive-grade, mass-produced parts coupled with its custom-designed, proprietary control software. Workhorse Group is an original equipment manufacturer of class 3-6 Workhorse brand medium-duty truck chassis. Its assembly plant enables it to build the tried and true W62 chassis and the new, narrower-track W88 chassis at price points and performance specifications sure to be attractive to fleet purchasers. The company's product, the HorseFly™ UAV Delivery system, is a custom-built, high-efficiency octocopter-based delivery UAV that is fully integrated with electric delivery trucks. It follows the FAA guidelines for UAV operation. The system is designed such that a driver or driver’s assistant can maintain line-of-sight operation of the UAV delivery process.

Business identity

Contact email
[email protected]
Phone number
1-513-360-4704
Operating status
Active
Company type
For Profit
Employee range
101-250 employees
Revenue range
$1M-$10M
Founded
2007-11-13

Headquarters

Postal code
45140
Country code
US
Continent
North America

Capital profile

Funding and company signals

Funding stage
M And A
Funding rounds
11
Total equity funding
$106.5M
Last funding
Post IPO Debt / $5M / 2025-08-15
Last equity funding
Post IPO Equity / $41M
Investors
4
Lead investors
4
Founders
1
Articles
321
Exited on
2016-01-04

Founders and investors

Founders

Stephen Burns

Lead investors

Antara CapitalArosa Capital ManagementMarathon Asset ManagementMichigan Economic Development Corporation

Investors

Antara CapitalArosa Capital ManagementMarathon Asset ManagementMichigan Economic Development Corporation